HE Hawaiian Electric Industries

By Chelsey Dulaney 

NextEra Energy Inc. on Wednesday reported soft profit growth for its third quarter, through revenue grew a better-than-expected 6.4%.

NextEra, a clean-energy company, has multiple units, including Florida Power & Light and NextEra Energy Resources. It recently agreed to acquire most of Hawaiian Electric Industries Inc. for about $2.6 billion, a deal it said would bring cleaner, renewable energy to Hawaii.

For the quarter ended Sept. 30, NextEra Energy reported earnings of $879 million, or $1.93 per share, compared to $660 million, or $1.50 a share, in the prior-year period.

Excluding mark-to-market effects and other items, per-share earnings were $1.60. Analysts polled by Thomson Reuters had forecast earnings of $1.65 a share.

Revenue grew to $4.95 billion from $4.65 billion a year ago. Analysts had expected revenue of $4.83 billion.

Profit at Florida Power & Light grew to $489 million from $462 million a year ago.

NextEra Energy Resources, the energy business, reported a profit of $375 million, up from $204 million a year ago. The unit was hurt by higher interest and corporate expenses due to increased renewable energy development.

NextEra said it expects 2015 earnings to come in at the upper half of its range of $5.40 to $5.70 a share.

Shares of NextEra, inactive premarket, are up 6.7% this month.

Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com

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(END) Dow Jones Newswires

October 28, 2015 08:37 ET (12:37 GMT)

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